Livestock Finance

Once you decide that you’d like to expand your livestock holdings, our facility can provide a flexible option that can be used repeatedly, allowing you to make judicious purchases or sales, depending on the market.

Once you decide that you’d like to expand your livestock holdings, our facility can provide a flexible option that can be used repeatedly, allowing you to make judicious purchases or sales, depending on the market. This could include auction purchases, opportunistic B&B contracts, longer term heifer replacement or just the option to fully utilise a good harvest.

Essentially our facility is secured on agricultural land and buildings, but you can use this as a rolling facility as you buy (or sell) livestock throughout the life of the scheme, with no additional costs for drawing or repaying funds within your overall credit limit and no stand-by costs.

Lending Criteria

Loan size

£50,000 to £1,000,000

Location

England, Scotland and Wales*

Borrower

Sole traders, partnerships, limited companies

Loan to value limit

65%

Security

Agricultural land and property

Use of proceeds

Revolving finance for livestock

Age limits

None

Repayment

Interest only, roll up and repayment options

Duration

Typical duration of 12 to 84 months

How Can We Help

Flexible

We provide flexible facility for livestock financing

Rolling facility

We can provide a rolling facility secured against agricultural land and property allowing you to buy and sell livestock

Diverse

Typical cases include auction purchases, B&B contracts, heifer replacement or just the opportunity to utilise a good harvest

No additional costs

We don’t have additional costs for drawing and repaying funds with our livestock facility

Application Form

Application Process

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8

You decide to add to your livestock holdings, or just introduce new livestock to your farm:

Research market and assess additional physical capacity required

Business plan

Research different funding sources

Step 2

You contact us:

How much would you like, what livestock you plan to add and the associated physical resources

What’s the security worth

When do you need the money

Any existing debts

How will you repay us

Anything else we should know

Step 3

We send you a decision in principle for you to accept:

How much we can lend, the interest rate and any fees

Your only commitment at this stage is for any costs incurred on legal or valuation fees

Step 4

Your application goes to a dedicated loan officer:

They help and guides you through the process from start to finish

We instruct an independent valuation of the property

You appoint a solicitor to act for you

Step 5

Your loan officer asks for:

Information, such as bank statements, business accounts, tenancy agreements, your business plan, your experience with livestock, a net worth statement and the plan to repay our loan

We do credit and land registry checks and the solicitors complete normal conveyancing checks

Step 6

We visit you at the farm to:

Get to know you and your current business, as well as your new plans

Understand your repayment plan

Step 7

Your solicitor:

Explains everything in the documentation

You ask about anything you don’t understand

You sign to confirm having received independent advice, then sign the contractual paperwork

We sign, the loan completes and you receive the funds

Step 8

You build your business and repay our loan

Case Studies

Livestock Financing for Herd Increase

Our client is a successful beef farmer in the southwest, who managed to secure additional feedstock at a very good price. As a result of, the client sought to increase their herd to take advantage of the excess feedstock.